FAQ

Frequently asked questions

Answers to the most common questions about company transfer verification.

What does VerifySSN actually do?

We verify the identity of the seller, validate company ownership, coordinate tax verification with the IRS, and facilitate the secure release of proceeds when a company is transferred.

Why do you need my SSN?

Your Social Security Number is required to verify your identity and tax standing with the IRS as part of the company transfer process.

Is my information secure?

Yes. All data is transmitted over encrypted connections and handled confidentially by our verification team.

How long does verification take?

Most verifications are reviewed within 1–2 business days once all required information and documents are submitted.

Who provides the company and buyer details?

The company, buyer, and transfer details shown in the form are provided to us by the buyer’s side. You review and confirm they are correct before we proceed.

How are the proceeds paid out?

Once the transfer is fully verified and approved, the agreed proceeds are released securely to the bank account on file.

Ready to transfer your company?

Send us an enquiry and our specialists will guide you through every step and coordinate the required IRS checks on your behalf.